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Wednesday, June 22, 2011

US and European defence firms keen to sell to India

P-8A PoseidonIndia's booming economy and growing security concerns are making it one of the top defence markets for the next decade.

European contractors are deepening their ties to the country while US companies, which were barred from selling sophisticated equipment to India until 2005, are strengthening their presence.

It "is buying anything you can think of - fighters, patrol aircraft, missiles, trainers, aircraft carriers", said Stephen Trimble, a journalist who writes and blogs on defence matters.

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